Binance has officially obtained the operating license under the laws of Abu Dhabi in the Middle East. Binance Global will now be able to operate legally in the Abu Dhabi market, and it has announced that services will start on January 5, 2026.
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Actually, ADGM is a significant regulatory framework for the Middle Eastern market, similar to the EU's MiCA. If ADGM is recognized, it can be considered to be in a top position in terms of trust and reliability.
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Therefore, Binance will be able to build trust among users even more, and it can also improve collaborations with large organizations and governments, leading to more partnerships with significant financial institutions like Franklin Templeton.
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After gaining a foothold in the Asian market, Binance is seen striving to dominate the Middle Eastern market, aiming to extend its influence to the European and American markets. However, domestic exchanges have managed to take substantial positions in those markets, so they seem to focus primarily on establishing influence in the Middle Eastern market.
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The Middle Eastern market is also a rapidly growing market for digital assets in recent years, so obtaining an ADGM license is like receiving a golden ticket.$BNB The market is experiencing good news like this, and we have been witnessing a significant downturn during the ongoing Bear Market.
